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Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool

Instead of cutting rates, central bank keeps them between 5.25% and 5.5%, where they have been for nearly a year

UK GDP stagnated in wet April; Wall Street hits record high as US inflation falls – as it happened

UK GDP failed to grow in April, as wet weather hit retailers and construction firms

EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms

Move, to be applied provisionally from July, would trigger duties of more than €2bn a year

Another washout for Rishi Sunak as rain dampens UK growth

GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

UK economy flatlines in blow to Rishi Sunak’s hopes of recovery

April growth figure 0% as Britain held back by poor retail and construction activity amid wet weather

Poor investment in UK regional cities curbed economic growth, report finds

Standards of living lag behind G7 countries US, France and Germany, as 50th summit approaches

Strong wage growth will further delay cut in UK interest rates, City believes

First cuts not expected until late summer or early autumn despite evidence jobs market is cooling

Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened

Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021

Protectionism is slowing growth and entrenching poverty, says World Bank

International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report

UK unemployment is up, but wage rises make early interest rate cut less likely

Bank of England will want to delay rate reduction until level of pay increases eases

Labour victory would be ‘positive for UK markets’, says JP Morgan; euro slides after European election results – as it happened

Investors are rattled after far right parties make gains in European elections, while analysts at JP Morgan say a Labour win would support UK stocks

Post-Brexit ‘mess’ as Italian driver’s lorry held for 55 hours at UK border post

Antonio Soprano says he was told to walk to a McDonald’s for food as there was none at Sevington

Great Britain?: How We Get Our Future Back by Torsten Bell review – a roadmap to the new normal

The economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping decline

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

EU expected to impose import tariffs on Chinese electric vehicles

Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac

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  • Making public transport fully accessible ‘could boost UK economy by £176bn’
  • Mobile internet coverage in UK worse than any EU or G7 country, Which? says
  • EasyJet suggests it will agree to £5.5bn takeover by US investment firm
  • Anthony Kasozi obituary
  • The Guardian view on private equity in the public sector: children’s services must be freed from debt-fuelled takeovers
  • Delivery firm Evri sues BBC for £1.2m over Panorama documentary
  • ‘New direction, same old problems’: the economic challenges facing Andy Burnham
  • ‘Did Westminster just ignore buses?’ Burnham aims to shake up UK transport
  • I’ve seen what the death of major industry did to Britain. Without a good revival plan, Burnham cannot succeed
  • Not cool: the air conditioning scams offering fake deals in the heatwave
  • Can I take the day off for England’s World Cup game – and what if I’m late for work?
  • Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham
  • Mayfair casino facing legal action after former waiter says he did not get fair share of tips
  • OpenAI’s apparent failure to visit key site raises questions over UK investment
  • As auto costs rise, will the US miss the golden age of electric vehicles?
  • Why can’t Britain turn its green revolution into cheap energy? A visual analysis
  • Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay
  • Peter Checkland obituary
  • London has lost ‘catastrophic’ 89% of car club vehicles since Zipcar exit
  • UK service sector shrinks amid Iran war disruption and heatwave; FTSE 100 hits four-month closing high – business live
  • New pipeline in Canada to proceed after C$150bn pledged to ease BC and First Nations concerns
  • A council housebuilding boom is central to Burnham’s vision. Can it be done?
  • UK summer bookings jump as Britons put off overseas holidays by travel fears
  • Starling Bank to cut 130 jobs and boost investment in AI to reduce costs
  • Police criticise decision to let pubs stay open until 5am for England match
  • Gymshark founder in talks to buy back part of stake sold to private equity firm
  • Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
  • ‘Don’t kill music’: Anthony Albanese’s favourite bands beg PM to stop AI companies from stealing their work
  • Burnham promises to ease cost of living pressures if he becomes prime minister
  • Infrastructure cuts to pay for defence will cost UK 10,000 jobs, analysis shows

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